Relative Strength DXY vs Futures FX

22 nov. 2022

Hello Traders!

Here we are looking at the Dollar Index compared to the FX Futures (Continuous Chart).

All the signs:

6B1! = British Pound Dollar
6N1! = New Zealand Dollar
6C1! = Canadian Dollar
6J1! = Japanese Yen Dollar
6S1! = Swiss Franc Dollar
6A1! = Australian Dollar
6E1! European Dollar

I have everything on the same % scale.

I am simply looking at who is the weakest out all the pairs to make a dynamic move with the dollar in consolidation last week and now in a this week breakout.

From the 1H it looks like Australian Dollar was the weakest. As DXY went sideways it declined the most out the others.

From the 1H it looks like British PounD dollar was the strongest. As DXY went sideways it increased the most out of the others.

From the 1H it looks like Swiss Franc Dollar moved sideways as the DXY went sideways.

Now I'm speculating AUD weak and GBP Strong. Which means I should look at the currency pair GBP/AUD.

I should look for signs of GBP/AUD going long. Check to see if a HTF discount PD array has been respected and gave a nice dynamic rally away from it. Check to see where it stands in its IPDA ranges for the month of November so far.

When the DXY goes sideway is will be a change for the commercials to manipulate the crosses like EUR/GBP, EUR/YEN, EUR/NZD, EUR/AUD etc...